Analyst Downgrades – Toromont Industries Ltd (TSE:TIH) Stock Gets Downgraded By Royal Bank of Canada from Outperform to Sector Perform

Analyst Ratings For Toromont Industries Ltd (TSE:TIH)

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Today, Toromont Industries Ltd (TSE:TIH) stock was downgraded by Royal Bank of Canada from Outperform to Sector Perform with a price target of C$51.00.

There are 7 hold ratings on the stock.

The current consensus rating on Toromont Industries Ltd (TSE:TIH) is Hold (Score: 2.00) with a consensus target price of C$43.88 per share, a potential .

Some recent analyst ratings include

  • 4/28/2017-Royal Bank of Canada was Downgraded by analysts at Royal Bank of Canada from a “Outperform ” rating to a ” Sector Perform” rating. They now have a C$51.00 price target on the stock.
  • 4/27/2017-Scotiabank Reiterated Rating of Sector Perform.
  • 12/19/2016-National Bank Financial was Downgraded by analysts at National Bank Financial from a “Outperform Overweight ” rating to a ” Sector Perform” rating.
  • 7/28/2016-BMO Capital Markets Reiterated Rating of Market Perform.

    About Toromont Industries Ltd (TSE:TIH)
    Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd. and AgWest Ltd. Its customer base includes infrastructure contractors, residential and commercial contractors, mining companies, forestry companies, pulp and paper producers, general contractors, utilities, municipalities, marine companies, waste handling companies and agricultural enterprises. CIMCO is involved in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems with operations in Canada and the United States. Its customer base consists of companies engaged in all aspects of food and beverage industry, food and beverage processors, and recreational facilities.

    Recent Trading Activity for Toromont Industries Ltd (TSE:TIH)
    Shares of Toromont Industries Ltd closed the previous trading session at 48.56 down -1.53 -3.05% with 169,092 shares trading hands.

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